Financial Report Summaries of Some Nigerian Banks (February 2008)

2 Comments » February 10th, 2008 posted by // Categories: Nigeriawatch



 

 

 

(February 2008)

 

Compiled February 2008 by NigerianMuse.com

 

Source:  Search from:

 

http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSL2187358320071221

 

 

 S/N

Bank

Financial Report Summary

 

 

Se

1

Wema Bank

n.a.

2

ETB Bank

n.a.

3

**Intercontinental Bank

TABLE-Nigerian Intercontinental bank H1 profit up 73 pct
LAGOS, Dec 21 (Reuters) – Results of Nigeria’s
Intercontinental Bank INBK.LG for its half-year to Aug. 31, 2007, as released by the bank on Friday:
(In millions of naira)
 
                              H1 2007                H1 2006
Gross earnings       60,914                 33,558
Profit after tax       11,317                  6,555
 
NOTE- The directors have proposed an interim dividend of 0.35 naira per share for shareholders in the
company’s books by Dec. 24.

 

4

**EcoBank

n.a.

5

Afribank

Nigerian Afribank 9-month profit soars 207 percent
LAGOS, Jan 11 (Reuters) – Results of Nigeria’s Afribank PlcAFRB.LG for the nine months
ended December 31, 2007, asreleased by the Nigerian Stock Exchange on Friday:
(In millions of naira)
 
                                  9-mo ’07    9-mo ’06
Gross earnings           29,314      14,673
Profit after tax              7,511       2,448

 

6

**Union Bank

n.a.

7

FCMB

TABLE-Nigerian FCMB bank’s Q2 profit jumps 140 pct
LAGOS, Nov 27 (Reuters) – Results of Nigeria’s First City Monument Bank FCMB.LG for its second
quarter to Oct. 31, 2007, as released by the Nigerian Stock Exchange on Tuesday:
(In billions of naira)
 
                                 Q2 2007    Q2 2006
Gross Earnings         21,868     10,875
Profit after Tax        5,343      2,230

($1 = 119.11 naira)

 

8

**UBA

TABLE-Nigerian bank UBA’s 3-month profit jumps 104 pct
LAGOS, Jan 7 (Reuters) – Results of Nigeria’s United Bank for Africa Plc UBA.LG for the three months
ending Dec. 31, 2007, as released by the Nigerian Stock Exchange on Monday:

 (In millions of naira)
 
                             3-mo ’07     3-mo ’06
Gross Earnigns        38,981       22,100
Profit after Tax       9,166        4,502

 

9

Standard Chartered

n.a.

10

Skye Bank

Nigeria’s Skye bank 3-month profit jumps 248 pct
LAGOS, Jan 22 (Reuters) – Results of Nigeria’s Skye Bank Plc SKYE.LG for the three months to December 31, 2007,
as released by the bank on Tuesday:
 (In billions of naira)
 
                        Oct-Dec 07   Oct-Dec 06
Gross earnings         12.5         8.7
Profit after tax        2.8         0.817

 

11

**GTB Bank

Nigerian GT Bank 9-month profit rises 57 pct
LAGOS, Jan 9 (Reuters) – Results of Nigeria’s Guaranty Trust
Bank Plc GTB.LG for its nine months to Nov. 30, 2007, as
released by the Nigerian Stock Exchange on Wednesday:
(In millions of naira)
 
                                9-mo ’07     9-mo ’06
Gross earnings          53,267       33,708
Profit after tax        11,808        7,524

 

12

**FBN Bank

TABLE-Nigerian First Bank 9-month profit climbs 75 pct
LAGOS, Jan 31 (Reuters) – Results for Nigeria’s largest bank by assets, First Bank Plc FBNP.LG, for the nine months
to Dec. 31, as released by the Nigerian Stock Exchange on Thursday.
          (in millions of naira)
 
                        9-month ’07   9-month ’06
 Gross earnings         105,214       63,722
Profit after tax        25,922       14,820

 

13

**IBTC Chartered

n.a.

14

**Bank PHB

Nigerian Bank PHB’s 6-mth profit up fourfold
 
LAGOS, Jan 11 (Reuters) – Results of Nigeria’s Bank PHB
PLAT.LG for the six months ended Dec. 31 as released by the Nigerian Stock Exchange on Friday:
(In millions of naira)
 
                              6-mo ’07     6-mo ’06
Gross earnings        33,542       11,351
Profit after tax       8,448        2,032

 

15

Nigerian Int. Bank

n.a.

16

**Access Bank

TABLE-Nigerian Access Bank 9-month profit up 177 percent
Feb 8 (Reuters) – Results of Nigeria’s Access Bank Plc
ACCE.LG for the nine months ended Dec. 31, 2007, as released by the Nigerian Stock Exchange on Friday:

(In millions of naira)
 
                                 9-mo ’07     9-mo ’06
 Gross earnings          41,890       17,127
Profit after tax         8,994        3,227

 

17

**Diamond Bank

ThisDay February 1 report “And the Most Improved Bank is “:

“. Gross earnings increased by N16.77 billion, from N22.71 billion in the year ending March 31, 2006,

to N39.48 billion in the year under review, representing an increase of 74 per cent. Profit before tax also

stood at N9.01 billion, an increase of 66 per cent over the N5.44 billion recorded in the corresponding

period of the previous year. The bank posted an after tax profit of N7.09 billion as against N3.98 billion

recorded the previous year, an increase of 78 per cent. The post-tax profit resulted in an earning per share

of 91k for the year compared to 59k in 2006. Following the bank’s impressive performance, the Board of

Directors recommended the payment of N4.2 billion out of the profit after tax as dividend to shareholders.

This translates into a dividend of 55k per share.  The bank’s total assets closed at N320.42 billion, representing

an increase of 41 per cent over N227.8378 billion posted in the corresponding period of the previous year.

Total deposit rose by N68.66 billion, up 46 per cent from N148.56 billion”

18

**Zenith Bank

TABLE-Nigerian Zenith Bank posts 66 pct profit rise
Jan 7 (Reuters) – Results of Nigeria’s Zenith Bank Plc
ZETH.LG for its half-year ended Dec. 31, 2007, as released by the Nigerian Stock Exchange on Monday:

 (In millions of naira)
 
                               6-mo ’07     6-mo ’06
Gross earnings        57,589       47,991
Profit after tax      15,711        9,471

 

19

 **Oceanic Bank

TABLE-Nigerian Oceanic bank 2007 profit jumps 88.59 pct
LAGOS, Dec 21 (Reuters) – Results of Nigeria’s Oceanic Bank OCBK.LG for the year ended September 30, 2007, as
released by the Nigerian Stock Exchange on Friday:

(In millions naira)
                                     2007      .      2006
Gross earnings          74,936            44,689
Profit after tax        17,537            9,299
 
NOTE – The directors have proposed a dividend of 102 naira per share with payment date put at Jan. 21, 2008.

 

20

**Fidelity Bank (6-m)

Nigeria’s Fidelity Bank 6-month profit triples
LAGOS, Feb 8 (Reuters) – Results of Nigeria’s Fidelity Bank Plc FUMB.LG for its six months to December 31, 2007,
as released by the Nigerian Stock Exchange on Friday:
 
(In millions of naira)
 
                                   6-mo ’07    6-mo ’06
 Gross Earnings         16,025      10,363
Profit after Tax        5,747       1,901

 

21

** Stanbic Bank

n.a.

22

Sterling Bank

n.a.

23

First Inland Bank

n.a.

24

Unity Bank

n.a.

25

Spring Bank

n.a.

 

 ** Foreign Reserve Management Banks

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2 Responses to “Financial Report Summaries of Some Nigerian Banks (February 2008)”

  1. SALISU ENIOLA says:

    DEAR SIR,
    MY NAME IS SALISU ENIOLA, STUDENT OF BANKING AND FIANCE FOR POLYTECHNIC IBADAN, HND1.
    I NEED YOUR ASSISTANCE ON HOW TO GET SPRING BANK FINANCIAL REPORT FOR THE YEAR 2008,WE WERE GIVEN ASSIGNMENT ON IT AND HAVE SPENT SO MUCH ON BROWSING.
    I WILL BE VERY GRATEFUL IF GIVEN A FAVORABLE ASSISTANCE.
    THANKS.

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